TAX LEVY REDUCED!!!

While a number of local governmental entities and special districts have been raising taxes as they’ve gone through annual budgeting this summer, the opposite is true in Lake Havasu City. During its July 11 meeting, the City Council set the primary property tax levy at $0.67 per $100 of assessed valuation, nearly three cents below its current rate of $0.7.

Administrative Services Director Tabatha Miller told Council members the slight reduction in the levy will actually generate slightly more money than last year due to 5.8% growth in the primary assessed valuation. Miller said the levy for the new budget will generate an estimated $4.4-million, as opposed to the $4.3-million generated by the previous levy.